Unfortunately, I will have another meeting on the 28th otherwise I would have gone to it. If anyone does go and is happy to share some news on here, I and probably other readers would be grateful. Tony
Seeing the following, ETF Rare earths just moved up 3%, MKA and PRE move up, defence stocks such as BaE move up 2.5% plus. Penny must have dropped the missile guided systems use shed loads of rare earths.
The RNS was very promising, however just as the mining journal has picked up, a lot more detail has to be explained. Just saying expert on this and what area they work in is alright in an RNS, but the website should share a lot more information on the analysis or the experts joined Centamin management in a Q and A post presentation and we have a chance to submit our queries.
As for Centamin, all the ETFs are down around 1.5% or so. A close around 102p would fit in with that.
I was less certain about the RNS upon reading it this morning. Taking an extra 400,000 tonnes of ore per annum requires a lot more diligence in the mine planning. Any area that becomes more unstable will need to be found quickly. I would need to see the detail of the consultant's report as to be sure that it is not just software modelling based upon theoretical assumptions that do not relate to on-going daily routine mining practice. What assumptions are made if some deviations on a protocol occur and how likely any adverse event would be. Hopefully they will share such assessments for us to read through. Tony
I would suggest doing a control in your analysis. For example, if my percentage to Theo or Hamilton was a lowly 15% it would add to the value of the analytical assessment.
Now on 8.8p and seriously oversold. I thought this was a good project with prospects am I stupid or has the market completely lost interest in this sector.
Gold has edged down and not for the first time Polymetal has done the opposite. We shall see what the afternoon brings. In the meantime, Polymetal is heavily overbought. Polymetal is only 2% of my portfolio and hence I do not write much on here.